Consulting Experience

A Director with HVS Miami, Shiv Ariyakula, CFA, conducts appraisals, market studies, and financial feasibility studies for full-service hotels, resorts, hostels, condominium-hotels, and mixed-use projects. He also has expertise in shared-ownership real estate assets, including fractional developments in markets spanning the U.S., the Caribbean, and Latin America. Shiv’s background includes investment analysis, valuations, and consulting services for hotel and resort developers, owners, lenders, branded management companies, and operators. This work extends from existing to proposed properties and across every major domestic hotel brand, as well as numerous boutique and independent hotels. Shiv’s past engagements total $10 billion in assets, including the $1.5-billion Brickell City Centre in Downtown Miami, which features the first EAST hotel in the U.S. Shiv earned his MBA in finance from the University of Florida. He is a CFA Charter holder and member of the CFA Institute and the CFA Society of Miami.

Testimonials

"HVS provided us with a very high quality report showing their conclusions based on thorough and thoughtful analysis. HVS's consultants were responsive to our needs, responded promptly to our questions, and were receptive to our comments. They are a pleasure to work with. HVS has unparalleled credibility in the industry, which is of utmost importance when sharing their reports to potential investors and lenders." - Mr. Rivera, Willow Street Capital

"We have been working with HVS for over 2 decades; regardless of the team assigned to our projects, the quality of work is second to none. We are very pleased with our relationship with HVS and will continue to engage their services in the future." – Angus Rogers, CEO & Founder, Floridays Development Company

“As a hotel owner, we have relied upon HVS on many occasions.Their team is dedicated to communicating and explaining the process from beginning to end in easy-to-understand terms. If you want an honest, thoughtful and very experienced appraisal, look no further." – Mr. Kanji, Impact Properties

Education

Master of Business Administration, Financial Services – University of Florida (2005)

Master of Science, Mechanical Engineering – University of Florida (2001)

My Articles

This article investigates how hotel supply in the greater Fort Lauderdale area has moved from an inventory of limited- and select-service hotels to an inventory of upscale to luxury hotels associated with well-known brands in the industry.

In recent years, Miami has become a magnet for real estate investments from overseas. We discuss the dynamics of Miami’s evolving role on the world stage of hospitality, including foreign investment driving new hotel construction in the city.

Over the past decade, Europe’s hostel market has shifted from budget-oriented, owner-operated assets to a more corporate model that promotes hostels’ social attributes. Can the success of the European model be replicated in certain U.S. markets?